Petrobras signs 41 contracts from Brazil’s 12th Round

Petroleo Brasileiro SA (Petrobras) has signed 41 concession contracts for blocks acquired in the 12th Round of Bidding organized by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

Petrobras in November 2013 acquired 49 of 50 blocks made available. Among the auctioned blocks, 22 were in partnership, with 16 operated by Petrobras and 6 operated by partners. The company said it will sign the eight remaining contracts in June.

Blocks offered in the 12th Round are in recently explored basins and mature basins. Petrobras said its strategy in the auction is aligned with the company’s objectives to increase its natural gas reserves and production near existing production facilities by learning more about the Brazilian sedimentary basins and to diversify its investment in exploration.

The company added that participation in the consortium is aligned with the objective to strengthen the company’s partnerships with Brazilian and foreign companies to integrate their knowledge and technologies used in onshore exploration and production.

Related Articles

Shell makes another deepwater gas discovery offshore Malaysia with Marjoram-1

08/26/2014 Royal Dutch Shell PLC has made another natural gas discovery on Block SK318 offshore Malaysia with the deepwater Marjoram-1 well, which was drilled...

Parsley Energy adds Permian basin acreage

08/26/2014 Parsley Energy Inc., Midland, Tex., has agreed to buy from “multiple sellers” undeveloped and productive acreage in Reagan County, Tex., for a tota...

Western gulf lease sale attracts $110 million in high bids

08/25/2014 Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in ...

Mancharee-1 well doesn’t find significant pay offshore Thailand

08/25/2014 KrisEnergy Ltd., Singapore, reported it has concluded drilling an exploration well on Block G10/48 in the Gulf of Thailand, where the company is de...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected